Congress Park Capital LLC Makes New Investment in Liberty Media Corporation - Liberty Live Series C $LLYVK

Key Points

• Congress Park Capital LLC has acquired a new position in Liberty Media Corporation - Liberty Live Series C by purchasing 12,605 shares valued at approximately $1,023,000 in the 2nd quarter.
• Institutional investors collectively own 60.36% of Liberty Media's shares, with several others, like Northwestern Mutual and Versant Capital, significantly increasing their stakes.
• Liberty Media's stock was recently upgraded to a "hold" rating by Zacks Research, and the company reported a loss of ($1.93) EPS for the last quarter, missing estimates by a notable margin.

Congress Park Capital LLC purchased a new position in shares of Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,605 shares of the company's stock, valued at approximately $1,023,000.

Other hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Liberty Media Corporation - Liberty Live Series C by 203.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 458 shares of the company's stock worth $31,000 after purchasing an additional 307 shares during the last quarter. Versant Capital Management Inc increased its holdings in Liberty Media Corporation - Liberty Live Series C by 410.9% in the 1st quarter. Versant Capital Management Inc now owns 751 shares of the company's stock worth $51,000 after buying an additional 604 shares during the period. State of Wyoming acquired a new position in Liberty Media Corporation - Liberty Live Series C in the 1st quarter worth approximately $54,000. PNC Financial Services Group Inc. raised its position in Liberty Media Corporation - Liberty Live Series C by 15.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,592 shares of the company's stock worth $108,000 after buying an additional 214 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Liberty Media Corporation - Liberty Live Series C during the 1st quarter valued at approximately $121,000. 60.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Zacks Research raised Liberty Media Corporation - Liberty Live Series C to a "hold" rating in a research report on Tuesday, September 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Liberty Media Corporation - Liberty Live Series C Stock Performance

Liberty Media Corporation - Liberty Live Series C stock traded up $0.63 during trading on Monday, reaching $97.55. The company had a trading volume of 184,364 shares, compared to its average volume of 391,862. The firm's 50-day simple moving average is $91.38 and its 200 day simple moving average is $79.38. The firm has a market capitalization of $8.96 billion, a PE ratio of -31.27 and a beta of 1.41. Liberty Media Corporation - Liberty Live Series C has a 1-year low of $42.99 and a 1-year high of $102.62.

Liberty Media Corporation - Liberty Live Series C (NASDAQ:LLYVK - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($1.93) earnings per share for the quarter, missing analysts' consensus estimates of $1.22 by ($3.15).

Liberty Media Corporation - Liberty Live Series C Profile

Liberty Live Group operates in the media, communications, and entertainment industries primarily in North America and the United Kingdom. The company is headquartered in Englewood, Colorado.